BP Capital Fund Advisors LLC purchased a new stake in shares of Andeavor (NYSE:ANDV) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 45,609 shares of the oil and gas company’s stock, valued at approximately $4,586,000. Andeavor comprises 2.0% of BP Capital Fund Advisors LLC’s portfolio, making the stock its 21st largest position.
Several other institutional investors and hedge funds also recently made changes to their positions in ANDV. Ffcm LLC lifted its stake in Andeavor by 257.6% in the first quarter. Ffcm LLC now owns 819 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 590 shares during the last quarter. Daiwa SB Investments Ltd. purchased a new position in Andeavor in the fourth quarter worth approximately $106,000. Cerebellum GP LLC purchased a new position in Andeavor in the fourth quarter worth approximately $127,000. BB&T Investment Services Inc. purchased a new stake in shares of Andeavor during the 4th quarter worth approximately $126,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Andeavor by 1,082.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,656 shares of the oil and gas company’s stock worth $189,000 after buying an additional 1,516 shares during the last quarter. Institutional investors and hedge funds own 79.27% of the company’s stock.
In other news, Director Paul L. Foster sold 5,880 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $141.41, for a total transaction of $831,490.80. Following the completion of the sale, the director now owns 1,349,034 shares of the company’s stock, valued at $190,766,897.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeff A. Stevens sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $140.75, for a total transaction of $4,574,375.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 916,795 shares of company stock valued at $113,832,138. Corporate insiders own 7.00% of the company’s stock.
Andeavor (NYSE:ANDV) last announced its quarterly earnings data on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.81). The company had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.79 billion. Andeavor had a return on equity of 6.51% and a net margin of 4.27%. analysts forecast that Andeavor will post 9.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, May 30th. Andeavor’s dividend payout ratio (DPR) is presently 36.48%.
ANDV has been the subject of several research reports. Tudor Pickering downgraded shares of Andeavor from a “buy” rating to a “hold” rating in a research report on Friday. Credit Suisse Group reissued a “neutral” rating and issued a $145.00 price objective (up from $142.00) on shares of Andeavor in a research note on Friday. JPMorgan Chase cut shares of Andeavor from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $144.06 to $131.00 in a research note on Monday. Citigroup cut shares of Andeavor from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $144.08 to $80.46 in a research note on Thursday, May 10th. Finally, Wells Fargo cut shares of Andeavor from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 8th. Ten investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $125.79.
Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels.
Receive News & Ratings for Andeavor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andeavor and related companies with MarketBeat.com's FREE daily email newsletter.